Condo Insurance in Michigan
Condo owners, just like homeowners, need to purchase insurance to protect their property and liability. If you own a condo and don't have Suttons Bay, Michigan condo insurance you risk losing everything you own.
Essentials of Condo insurance
Condo insurance covers the building structure, specified furnishing like carpets, and specified common areas. Ensure that you inquire from your insurance company the kind of insurance which covers your building, property loss or destruction, and personal injury. Condo insurance also covers you in case of forgery from the previous owners or any mistake made during documentation when you were purchasing the condominium.
What standard condo insurance covers?
Condo insurance will help you replace your personal property when it's stolen, or when it's been damaged by fire, vandalism, smoke, plumbing leaks or natural disasters. Condo insurance covers your property even if it's damaged or stolen at a location other than your condo. Standard condo association insurance covers your carpets, ceiling and interior walls. To calculate how much property coverage you need, take an inventory of your personal property and use the total value as your insurance amount.
Condo insurance pays for another person's bodily injury medical bills and property damage bills when you or your family are found to be at fault. It also pays for your legal fees. You should have enough liability insurance to cover all your assets in case a lawsuit is filed against you.
Personal liability coverage
Sometimes the accidents that occur don't just affect the Suttons Bay, MI condo owner, and his or her property. When someone is injured, or their property is damaged in your condo, you may find yourself subject to a lawsuit for medical expenses and damages. In these instances, your personal liability coverage keeps you protected.
For years, Bonek Agency Inc. has provided personal and commercial insurance protection. We form strong relationships with our clients — keeping their best interests in mind. Let us customize your coverage. Call us today!